# First Citizens Institutional Asset Management, LLC

> First Citizens Institutional Asset Management, LLC is an SEC-registered investment advisory firm in New York, NY, registered since 2017, reporting $500 million to $1 billion in regulatory assets under management in its Form ADV filing dated March 30, 2026.

- CRD: 285836
- Filed as: FIRST CITIZENS INSTITUTIONAL ASSET MANAGEMENT, LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: New York, NY
- Filing period: October 2026
- Form ADV filing dated: March 30, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/285836
- AdvisorCensus page: https://advisorcensus.com/firm/first-citizens-institutional-asset-management-llc-new-york-ny-285836

## Quick answers

**How is First Citizens Institutional Asset Management, LLC compensated?**
On its Form ADV (Item 5.E, October 2026), First Citizens Institutional Asset Management, LLC reports these compensation arrangements: a percentage of assets under its management; performance-based fees. The amounts are in Item 5 of its Form ADV Part 2A brochure.

**Where is First Citizens Institutional Asset Management, LLC located?**
First Citizens Institutional Asset Management, LLC's principal office is in New York, NY, according to its Form ADV; the April 2026 filing also lists 3 other offices (Schedule D, Section 1.F).

**Is First Citizens Institutional Asset Management, LLC registered with the SEC or a state?**
First Citizens Institutional Asset Management, LLC is an SEC-registered investment advisory firm, registered since 2017. Status as filed: Approved. CRD 285836.

**How much does First Citizens Institutional Asset Management, LLC manage?**
First Citizens Institutional Asset Management, LLC reports $829,190,923 in regulatory assets under management in its Form ADV filing dated March 30, 2026 (0% discretionary).

**How have First Citizens Institutional Asset Management, LLC's assets and staff changed since 2021?**
In the Form ADV data for First Citizens Institutional Asset Management, LLC: Regulatory assets under management: $426,004,000 in the October 2021 data and $829,190,923 in the October 2026 data, up 95%. Total employees: 16 in October 2021 and 25 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does First Citizens Institutional Asset Management, LLC serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (2).

**Does First Citizens Institutional Asset Management, LLC report any disciplinary disclosures?**
Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/285836

**What changed in First Citizens Institutional Asset Management, LLC's recent Form ADV filings?**
In the April 2026 filing data: Employees performing advisory functions went from 16 to 25. Changed its office addresses in Morris Township, NJ. Updated its list of owners and control persons (Schedule A).

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Performance-based fees

### Regulatory assets under management (Item 5.F)
- Total: $829,190,923
- Discretionary: $0
- Non-discretionary: $829,190,923

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Pooled investment vehicles (other than investment companies and business development companies) | 2 | $829,190,923 |

### Advisory services (Item 5.G)
- Portfolio management for pooled investment vehicles (other than investment companies)
- Portfolio management for businesses (other than small businesses) or institutional clients

### Firm details
- Registered since: 2017 (9 years)
- Employees: 25 total, 25 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: IL, NJ, NY, TX
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Other offices (Schedule D, Section 1.F), as of the April 2026 filing
- Chicago, IL
- Dallas, TX
- Morris Township, NJ

### Websites listed on Form ADV (Item 1.I)
- [firstcitizens.com/commercial/solutions/asset-based-lending](https://firstcitizens.com/commercial/solutions/asset-based-lending)

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $426,004,000 | 16 | March 30, 2021 |
| October 2022 | $471,721,000 | 22 | April 1, 2022 |
| October 2023 | $880,635,000 | 22 | September 12, 2023 |
| October 2024 | $910,866,401 | 21 | March 29, 2024 |
| October 2025 | $815,007,328 | 28 | June 6, 2025 |
| October 2026 | $829,190,923 | 25 | March 30, 2026 |

Regulatory assets under management: $426,004,000 in the October 2021 data and $829,190,923 in the October 2026 data, up 95%.
Total employees: 16 in October 2021 and 25 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Employees performing advisory functions went from 16 to 25.
- Changed its office addresses in Morris Township, NJ.
- Updated its list of owners and control persons (Schedule A).

### December 2025
- Updated its list of owners and control persons (Schedule A).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. First Citizens Institutional Asset Management, LLC (CRD 285836): Form ADV filing data as of October 2026.